USDJPY Daily Forecast: November 01

USDJPY Forecast The USDJPY had a bullish momentum yesterday topped at 105.23 but closed lower at 104.82. The bias remains neutral in nearest term probably with a little bearish bias testing 104.50 area. A clear break below that area could trigger further bearish pressure testing 104.00 and the lower line of the bullish channel located around 103.50 key support. Overall I remain bearish but as long as stay inside the bullish channel price is still in a bullish correction phase.